U.K. lawmakers voted overwhelming in favor of a government motion to ask the European Union for an extension to the March 29 deadline for Britain to leave the European Union in order to allow for more time to establish a majority for Britain's post-Brexit future.

U.S. stocks closed out their worst week of the year Friday as investors shed risk around the world following a collapse in China exports, a sharp downgrade for European economic growth and a dismal reading for American job creation in the month of February.

U.S. Representative Maxine Waters, the California Democrat who recently took leadership of the House committee overseeing the Federal Reserve, said during a hearing that President Donald Trump's policies are hurting the economy.